NOT LISTED FOR SALE

Estimated Value: $62,000 - $110,000

2 Beds
1 Bath
1,044 Sq Ft
$76/Sq Ft Est. Value

Last Sold April 29, 2022

Last sale price $65,000 $62 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $457/month

182 Days on Market

Highlights

  • Updated Kitchen
  • Great Room
  • 1-Story Property

About This Home

As of April 2022

Attention investors! Check out this cash-flowing investment opportunity. This Duplex is already occupied and cash flow for $525 / $495 /Month with a lease expiring on 01/31/2023 and 03/31/2023 respectively. Do not disturb the tenants; no inspections until under contract. Make your offer contingent upon your inspection.

Last Agent to Sell the Property

Dean Harris

CrestCore Realty MphsBrokerage License #286759 Listed on: 10/29/2021

Last Buyer's Agent

Mike Parker

REMAX Experts License #312619

REMAX Experts

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 50x110

Home Design

  • Duplex

Interior Spaces

  • 1,044 Sq Ft Home
  • 1-Story Property
  • Great Room
  • Updated Kitchen

Community Details

  • Summerdale Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 052071 00004

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Class: Duplexes
  • Type: Built as Duplex
  • MAAR Subdivision Name: SUMMERDALE PARK
  • Freestanding: Yes
  • List Price Per Sq Ft: 72
  • Number Of Stories: 1
  • Estimated Sq Ft: 1044
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Lot Info

  • Lot Number: 113&114
  • Acreage: 0.12
  • Lot Size: 50X110

Tax Info

  • Assessor Parcel Number: 052071 00004

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 27, 2020
Sold by
Ksrw Llc
Bought by
Maya Dog Llc
Current Estimated Value
$79,616

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,200
Interest Rate
3.4%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jul 22, 2019
Sold by
Urban Thrive Llc
Bought by
Josie Drew Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,190
Interest Rate
3.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 14, 2017
Sold by
Southern States Property Llc
Bought by
Urban Thrive Llc

Purchase Details

Closed on
Jun 23, 2017
Sold by
Sparks Diondria
Bought by
Southern States Proerty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000
Interest Rate
4.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Sep 24, 2014
Closed on
Feb 25, 2015
Sold by
Fannie Mae
Bought by
Sparks Diondria
Seller's Agent
Jimmie Tapley
Crye-Leike, Inc., REALTORS
Buyer's Agent
NON-MLS NON-BOARD AGENT
NON-MLS OR NON-BOARD OFFICE
List Price
$30,000
Sold Price
$9,888
Premium/Discount to List
-$20,112
-67.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.26%

Purchase Details

Closed on
Jul 2, 2014
Sold by
Gissing Paul and Gissing Virginia
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Apr 26, 2006
Sold by
Palmer Marvin H
Bought by
Gissing Paul and Gissing Virginia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
6.33%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Maya Dog Llc -- None Available
Josie Drew Llc $57,000 Rudy Title & Escrow Llc
Urban Thrive Llc -- Rudy Title & Escrow
Southern States Proerty Llc $20,000 Alliance Title & Escrow Llc
Sparks Diondria $9,888 None Available
Federal National Mortgage Association $46,285 None Available
Gissing Paul $50,000 Rudy Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Maya Dog Llc $83,200
Previous Owner Josie Drew Llc $92,190
Previous Owner Southern States Proerty Llc $10,000
Previous Owner Gissing Paul $40,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/29/2022 04/29/22 Sold $65,000 -13.2% $62 / Sq Ft
03/12/2022 03/12/22 For Sale $74,900 +15.2% $72 / Sq Ft
01/28/2022 01/28/22 Off Market $65,000 -- --
12/30/2021 12/30/21 Price Changed $74,900 -11.8% $72 / Sq Ft
12/17/2021 12/17/21 Price Changed $84,900 -5.6% $81 / Sq Ft
11/30/2021 11/30/21 Price Changed $89,900 -10.0% $86 / Sq Ft
10/29/2021 10/29/21 For Sale $99,900 +910.3% $96 / Sq Ft
02/25/2015 02/25/15 Sold $9,888 -67.0% $9 / Sq Ft View Prior Sale
02/13/2015 02/13/15 Pending -- -- --
09/24/2014 09/24/14 For Sale $30,000 -- $29 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $461 $20,560 $3,600 $16,960
2024 $461 $13,600 $1,800 $11,800
2023 $828 $13,600 $1,800 $11,800
2022 $828 $13,600 $1,800 $11,800
2021 $369 $13,600 $1,800 $11,800
2020 $1,032 $14,240 $1,800 $12,440
2019 $455 $14,240 $1,800 $12,440
2018 $455 $14,240 $1,800 $12,440
2017 $466 $14,240 $1,800 $12,440
2016 $635 $14,520 $0 $0
2014 $635 $14,520 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10111757

Memphis Area Association of REALTORS®

APN: 05-2071-0-0004